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Johnson Co. had sales during the most recent accounting period of $120,000. The cost of goods available for sale during this period was $117,000, and
Johnson Co. had sales during the most recent accounting period of $120,000. The cost of goods available for sale during this period was $117,000, and the retail selling price for these same goods was $150,000. What is the estimated cost of ending inventory using the retail method? a. $30,000 c. $33,000 b. $23,400d. $93,600
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